J. Safra Sarasin Holding AG lifted its holdings in shares of AppLovin Corporation (NASDAQ:APP – Free Report) by 45.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,113 shares of the company’s stock after purchasing an additional 1,293 shares during the period. J. Safra Sarasin Holding AG’s holdings in AppLovin were worth $1,636,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of APP. Redhawk Wealth Advisors Inc. lifted its stake in AppLovin by 2.9% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 640 shares of the company’s stock valued at $431,000 after buying an additional 18 shares in the last quarter. Verdence Capital Advisors LLC increased its position in AppLovin by 5.7% during the fourth quarter. Verdence Capital Advisors LLC now owns 333 shares of the company’s stock worth $224,000 after buying an additional 18 shares in the last quarter. Strategic Advocates LLC increased its position in AppLovin by 0.8% during the third quarter. Strategic Advocates LLC now owns 2,576 shares of the company’s stock worth $1,851,000 after buying an additional 21 shares in the last quarter. Finivi Inc. raised its holdings in shares of AppLovin by 3.2% in the fourth quarter. Finivi Inc. now owns 711 shares of the company’s stock worth $479,000 after acquiring an additional 22 shares during the last quarter. Finally, Alta Wealth Advisors LLC raised its holdings in shares of AppLovin by 0.6% in the fourth quarter. Alta Wealth Advisors LLC now owns 3,925 shares of the company’s stock worth $2,645,000 after acquiring an additional 24 shares during the last quarter. 41.85% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts recently commented on APP shares. Citigroup reaffirmed a “buy” rating on shares of AppLovin in a research note on Monday, June 22nd. KeyCorp set a $775.00 target price on shares of AppLovin in a research note on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $660.00 target price on shares of AppLovin in a report on Thursday, May 7th. BTIG Research reaffirmed a “buy” rating and set a $640.00 price target on shares of AppLovin in a research note on Thursday, May 7th. Finally, Weiss Ratings upgraded shares of AppLovin from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, AppLovin has an average rating of “Moderate Buy” and an average price target of $668.45.
AppLovin Stock Performance
NASDAQ APP opened at $448.98 on Wednesday. The business’s 50-day moving average price is $508.50 and its 200 day moving average price is $493.54. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 1.49. AppLovin Corporation has a twelve month low of $343.00 and a twelve month high of $745.61. The company has a market capitalization of $150.83 billion, a PE ratio of 38.57, a price-to-earnings-growth ratio of 0.72 and a beta of 2.49.
AppLovin (NASDAQ:APP – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $3.56 EPS for the quarter, beating the consensus estimate of $3.44 by $0.12. AppLovin had a return on equity of 219.37% and a net margin of 64.29%.The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the previous year, the business earned $1.67 EPS. The firm’s revenue was up 58.9% on a year-over-year basis. On average, research analysts predict that AppLovin Corporation will post 15.93 earnings per share for the current year.
AppLovin News Summary
Here are the key news stories impacting AppLovin this week:
- Positive Sentiment: Wells Fargo raised its price target on AppLovin to $575 and kept an Overweight rating, signaling continued analyst confidence in the stock’s longer-term upside. Wells Fargo Raises PT on AppLovin (APP) Stock
- Positive Sentiment: Some market commentary says the selloff in APP may be overdone, with valuation still supported by AppLovin’s AI-driven expansion beyond mobile gaming into e-commerce advertising. AppLovin (APP) Stock Looks Like A Bargain On Its 15x Run
- Neutral Sentiment: AppLovin continues to attract attention for its effort to use AI to expand into e-commerce advertising beyond mobile gaming, but this remains a longer-term growth story rather than an immediate catalyst. How AppLovin (APP) Is Using AI to Expand Beyond Mobile Gaming Into E-Commerce Advertising
- Negative Sentiment: Analyst and media reports pointed to softer June e-commerce growth, renewing concern that AppLovin’s new ad initiative may be taking longer to gain traction. AppLovin’s Ecommerce Growth Soft In June, Says BofA Citing Third-Party Data
- Negative Sentiment: AppLovin is also being hit by broader selling in high-beta growth names and market weakness tied to geopolitical risk, which has amplified the stock’s decline. AppLovin Stock Tumbles 12% Amid Broader Selloff
- Negative Sentiment: Pomerantz LLP said it is investigating claims on behalf of AppLovin investors, adding a legal overhang that can weigh on sentiment. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of AppLovin Corporation – APP
Insiders Place Their Bets
In related news, insider Victoria Valenzuela sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $565.89, for a total value of $11,317,800.00. Following the completion of the sale, the insider directly owned 243,961 shares in the company, valued at approximately $138,055,090.29. The trade was a 7.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Arash Adam Foroughi sold 22,544 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $494.98, for a total transaction of $11,158,829.12. Following the transaction, the chief executive officer directly owned 2,327,684 shares of the company’s stock, valued at $1,152,157,026.32. This trade represents a 0.96% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 393,000 shares of company stock valued at $197,297,363. 13.66% of the stock is currently owned by corporate insiders.
AppLovin Company Profile
AppLovin Corporation is a Palo Alto–based mobile technology company that provides software and services to help app developers grow and monetize their businesses. The company operates a data-driven advertising and marketing platform that connects app publishers and advertisers, delivering tools for user acquisition, monetization, analytics and creative optimization. AppLovin’s technology is integrated into a broad set of mobile applications through software development kits (SDKs) and ad products designed to maximize revenue and engagement for developers.
Key components of AppLovin’s offering include an ad mediation and exchange platform that enables publishers to manage and monetize inventory across multiple demand sources, and a user-acquisition platform that helps advertisers target and scale campaigns.
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